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When journalists and bankers consider a financial crisis, they face the same dilemma: talking about the bad news may make matters worse. The prophecy becomes self-fulfilling. As a result, says Correspondent Lawrence Malkin, who reported from Europe for this week's cover story on international debt: "Monetary officials speak in guarded code words, and commercial bankers in doubletalk." Like many other economic analysts, Malkin suspected for some time that a serious global debt problem was at hand but felt cautious about his suspicions. Not until a banker in Basel dropped his defenses over a beer and unambiguously warned...

Author: /time Magazine | Title: A Letter From The Publisher: Jan. 10, 1983 | 1/10/1983 | See Source »

...aspect that will help in general is a frank discussion of the dilemma; all along the crisis was worsened by denials that it existed. Stephen Marris, an economist at the Organization for Economic Cooperation and Development in Paris, explains that only recently has it become "respectable" to admit that the debt problem will not go away in a hurry. That sentiment, thanks partly to the Mexico and Brazil rescues and Regan's call for new solutions, has now been reinforced...

Author: /time Magazine | Title: The Debt-Bomb Threat | 1/10/1983 | See Source »

Each layer within Hoffman's performance reveals his versatility as an actor--each character faces its own dilemma without losing its distinctiveness and individual appeal. The screenplay enables Hoffman to develop three different characters all within the confines of one non-burlesque plot. (Hoffman was a major writer...

Author: By Rebecca J. Joseph, | Title: On a Roll | 1/5/1983 | See Source »

Rice is faced with the dilemma that confronts so many psychiatrists--an uncertainly about his work. He questions whether--with all his own personal problems--he is really qualified to solve those of his patients. Roy Scheider brings a rare credibility to his role, freeing his character from the stereotype of the movie psychiatrist. His Dr. Rice is not the self-assured Freudian father figure who sits comfortably back in his chair, doodling on a pad of paper. Instead, Scheider often seems just as unsure of himself as any patient. In one sequence, Rice steals Brooke's keys and sneaks...

Author: By Lewis J. Desimone, | Title: Under the Skin | 1/4/1983 | See Source »

Moonlighting. Four Polish laborers spend an edgy month in London-December 1981, when Poland fell under martial law. Writer-Director Jerzy Sko-limowski has devised a bitterly funny metaphor for the dilemma of the liberal tyrant. As the foreman, isolated from his workers and his own best instincts, Jeremy Irons is quietly spectacular...

Author: /time Magazine | Title: Cinema: The BEST OF 1982: Cinema | 1/3/1983 | See Source »

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